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Gheorghe Mencinicopschi (Director of the Food Research Institute) 2003 Voiculescu was sentenced to 10 years in prison for using his political influence in the privatization of the Food Research Institute which had an estimated value of €7.7 million, but was instead bought by his company, Grivco at an undervalued price of €100,000. [42]
The effect of the cuts in imports in Romania, a net importer of food from the West, was however not correctly estimated by the foreign analysts and it led to food shortages. [5] Romania's record - having all of its debts to commercial banks paid off in full - has not been matched by any other heavily-indebted country in the world. [6] The ...
The policy to repay - and, in multiple cases, prepay - Romania's external debt became the dominant policy in the late 1980s. The result was economic stagnation throughout the 1980s and - towards the end of the decade - the conditions were created for an economic crisis. The country's industrial capacity was eroded as equipment grew obsolete ...
Tariffs on most Romanian products dropped to zero in February 1994 with the inclusion of Romania in the Generalized System of Preferences (GSP). Major Romanian exports to the U.S. include shoes and clothing, steel, and chemicals. Romania signed an Association Agreement with the EU in 1992 and a free trade agreement with the European Free Trade ...
[citation needed] The Romanian arms industry's main customer, for whom they mainly build warships, vehicles, and equipment, is the Romanian Government. Furthermore, record high defense expenditure (currently at 5 billion €), which was considerably increased under the government of Prime Minister Călin Popescu-Tăriceanu .
Virgiliu Stoicoiu. Legal Sources and Bibliography of Romania. Free Europe Committee. 1964. Google Books; Levasseur, Trahan and Gruning. The Legal System of Romania. Carolina Academic Press. 2020. Google Books; Digest of General Laws of Romania. Google Books; Romanian legislation. Google Books; P Gogeanu and L P Marcu. A Concise History of ...
A post on X claimed that a Romanian court dismissed all criminal charges against social media influencers Andrew and Tristan Tate. Verdict: False The full case against the two was not dismissed.
The name "hunger circuses", now so universally used as to have almost suppressed the memory of the official communist-era term, derived from the circus-like domed architecture and the irony of constructing these massive food-related buildings during a period when food was scarce throughout Romania, due to Ceaușescu's policy of exporting most ...